Absolute Return Ranks Biggest Hedge Fund Launches For H1 2012

New York (HedgeCo.Net) – 33 hedge funds raised $10.4 billion in the first half of the year, Absolute Return reports, that’s half of the amount raised in the first half of 2008.

Some key points include:

· Half of the total came from a single launch from Renaissance Technologies, which slashed its fees to 1%/10% for the occasion. Second biggest was Todd Kantor’s Encompass, followed by 29-year-old wunderkind Jennifer Fan’s Arbalet Capital.

· A number of prominent launches from veterans of such firms as Barclays, Goldman, Citadel struggled to raise almost any money beyond what they obtained via seed deals.